0628
4`QAy RE 1"1,9,
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91 Ausr%%
ORDINANCE NO. 628 TMRS-C/R-T-D
TEXAS MUNICIPAL RETIREMENT SYSTEM
AN ORDINANCE AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE
TEXAS MUNICIPAL RETIREMENT SYSTEM, "UPDATED SERVICE CREDITS" IN SAID
SYSTEM ON AN ANNUAL BASIS FOR SERVICE PERFORMED BY QUALIFYING
MEMBERS OF SUCH SYSTEM WHO AT THE EFFECTIVE DATE OF THE ALLOWANCE
ARE IN THE EMPLOYMENT OF THE CITY OF SOUTHLAKE; PROVIDING FOR INCREASED
PRIOR AND CURRENT SERVICE ANNUITIES FOR RETIREES AND BENEFICIARIES OF
DECEASED RETIREES OF THE CITY; TO INCREASE THE RATE OF DEPOSITS TO THE
TEXAS MUNICIPAL RETIREMENT SYSTEM BY THE EMPLOYEES OF THE CITY; AND
ESTABLISHING AN EFFECTIVE DATE FOR THE ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS:
Section 1. Authorization of Updated Service Credits.
(a) On the terms and conditions set out in Sections 853.401 through 853.404 of Subtitle G of Title 8,
Government Code, as amended (hereinafter referred to as the "TMRS ACT"), each member of the Texas
Municipal Retirement System (hereinafter referred to as the "System") who has current service credit or prior
service credit in the System in force and effect on the 1st day of January of the calendar year preceding such
allowance, by reason of service in the employment of the City, and on such date had at least 36 months of
credited service with the System, shall be and is hereby allowed "Updated Service Credit" (as that term is
defined in subsection (d) of Section 853.402 of the TMRS Act).
(b) On the terms and conditions set out in Section 853.601 of the TMRS Act, any member of the System
who is eligible for Updated Service Credits on the basis of service with this City, who has unforfeited credit for
prior service and/or current service with another participating municipality or municipalities by reason of
previous service, and was a contributing member on the 1st day of January of the calendar year preceding
such allowance, shall be credited with Updated Service Credits pursuant to, calculated in accordance with,
and subject to adjustment as set forth in said Section 853.601, both as to the initial grant hereunder and all
future grants under this ordinance.
(c) The Updated Service Credit hereby allowed and provided for shall be 100% of the "base Updated
Service Credit" of the member (calculated as provided in subsection (c) of Section 853.402 of the TMRS Act).
(d) Each Updated Service Credit allowed hereunder shall replace any Updated Service Credit, prior
service credit, special prior service credit, or antecedent service credit previously authorized for part of the
same service.
(e) In accordance with the provisions of subsection (d) of Section 853.401 of the TMRS Act, the deposits
required to be made to the System by employees of the several participating departments on account of
current service shall be calculated from and after the effective date of this ordinance on the full amount of such
person's compensation as an employee of the City.
Page 2.
Section 2. Increase in Retirement Annuities.
(a) On terms and conditions set out in Section 854.203 of the TMRS Act, the City hereby elects to allow
and to provide for payment of the increases below stated in monthly benefits payable by the System to retired
employees and to beneficiaries of deceased employees of the City under current service annuities and prior
service annuities arising from service by such employees to the City. An annuity increased under this Section
replaces any annuity or increased annuity previously granted to the same person.
(b) The amount of the annuity increase under this Section is computed as the sum of the prior service and
current service annuities on the effective date of retirement of the person on whose service the annuities are
based, multiplied by 70% of the percentage change in Consumer Price Index for All Urban Consumers, from
December of the year immediately preceding the effective date of the person's retirement to the December
that is 13 months before the effective date of this Section.
(c) An increase in an annuity that was reduced because of an option selection is reducible in the same
proportion and in the same manner that the original annuity was reduced.
(d) If a computation hereunder does not result in an increase in the amount of an annuity, the amount of
the annuity will not be changed hereunder.
(e) The amount by which an increase under this Section exceeds all previously granted increases to an
annuitant is an obligation of the City and of its account in the municipality accumulation fund of the System.
Section 3. Dates of Allowances and Increases. The initial allowance of Updated Service Credit and
increase in retirement annuities hereunder shall be effective on January 1, 1995, subject to approval by the
Board of Trustees of the System. An allowance of Updated Service Credits and an increase in retirement
annuities shall be made hereunder on January 1 of each subsequent year until this ordinance ceases to be in
effect under subsection (e) of Section 853.404 of the TMRS Act, provided that, as to such subsequent year,
the actuary for the System has made the determination set forth in subsection (d) of Section 853.404 of the
TMRS Act.
BE IT FURTHER RESOLVED:
Section 1. That all employees of the City, who are members of the Texas Municipal Retirement System, shall
make deposits to the System at the rate of 6% of their individual earnings.
Section 2. Effective Date. Subject to approval by the Board of Trustees of the System, this ordinance shall
be and become effective on the 1st day of January 1995.
Passed and approved this the day of 19.
~~•~~~y,13f S O
ATTEST: APPROVED:
City Secretary or Clerk Mayor
fort Worth StarFeIegram
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102
THE STATE OF TEXAS
1 lty of Tarrant
Before me, a Notary Public in and for said County and State, this day
personally appeared DAWN M. RIVERA Billing Specialist for the Fort Worth
Star-Telegram, published by the Star-Telegram Inc . at Fort Worth, in Tarrant
County, Texas ; and who , after being duly sworn , did depose and say that the
following clipping of an advertisement was published in the above named
paper on the following dates :
DATE AD INVOICE NO. DESCRIPTION AD SIZE TOTAL RATE AMOUNT
NCH/LINE
DEC 23 3102553 CL • 358 1X45 L 45 . 46 20. 70
dec 23
P.O. # ORD #628
ORDINA .6
R ETE R ENCE NOME NTISYSTEM
AN ORDINANCE AUTHOR-
IZING AND ALLOWING,
UNDER
THE TEXAS MU-
SYSTEM"UPDATEDSER-
'VICE CREDITS" IN SAID
SYSTEM ON AN ANNUAL
BASIS FOR SERVICE PER-
FORMED BY QUALIFY-
ING MEMBERS OF SUCH
SYSTEM WHO AT THE EF-
��� / ^�
ALLOWANCDE ARE IN THE /� - / /Il(
EMPLOYMENTOF THE CI- SIGNED 66G
TY OF SOUTHLAKE PRO-
-. RIBED AND S VIDING FOR INCREASED E ME , THIS THE DAY OF
PRIOR AND CURRENT 27TH DE EMBER, 1994
RSETIREES
BENEFI-
CIARIESESFOR NOTARY PUBLIC ��[ -
EOF AND
RETIREES OF THE CITY•
OOF INCREASE THE RATE TARRANT COLNTY, TEXAS
OF DEPOSITS TO THETEX-
AS MUNICIPAL RETIRE-
MENT SYSTEM BY THE
EMPLOYEES OF THE CI-
TY; AND ESTABLISHIN
AN EFFECTIVE DATE OF
THE ORDINANCE.
PASSED AND APPROVED
BY THE CITY COUNCIL OF
TE CIT OF SOUTH-
OF ICE OF LAHKE,Ti YIS THE 20TH OF
DECEMBER, 1994.
CITY Gary Flckes,
r Mayor 4f South a.kl
EC.:E1A Attest:Sandra L.LeGrand,
I City Secretary
Approved as to form:
E.Allen Taylor Jr.,
ty Attorn
TEAF,Cl nwINu i eyFI.) F L_i II VI'r..'ION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT
REMIT TO : 400 W . SEVENTH , FW , TX 76102
For cgth r-TelegraIn �:E:k,I. ..,_I: :. X X.X*X��� � ��
xX� �� Xxl_2051
1 5 ACCOUNT NUMBER C I T 5 7 AMOUNT
DUE 20. 70
1 1
PAGE OF
CITY OF SOUTHLAKE \
667 N CARROLL AVE 20 . 70
SOUTHLAKE TX 76092-9595 PLEASE PAY
THIS AMOUNT
ATTN : SANDY LEGRAND
PLEASE WRITE IN AMOUNT ENCLOSED
Fort Worth Star-Telegram
400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102
TUC STATE OF TEXAS
my of Tarrant
Before me , a Notary Public in and for said County and State , this day
personally appeared DAWN M. RIVERA Billing Specialist for the Fort Worth
Star-Telegram , published by the Star-Telegram Inc . at Fort Worth , in Tarrant
County , Texas ; and who , after being duly sworn, did depose and say that the
following clipping of an advertisement was published in the above named
paper on the following dates :
DATE AD INVOICE NO. DESCRIPTION AD SIZE TOTALNE
RATE AMOUNT
INCHlA
DEC 09 3096516 CL . 358 1X49 L 49 . 46 22 . 54
dec 9
P . O . # #628
NOTICE OF
PUBLIC HEARING
NOTICE IS HEREBY GIV-
EN TO ALL INTERESTED
PE P SONS t hat the City Coun-
cllofSouthiake,Texas,wlllbe - - -- - - - ---- --- ----
holular City Council
ding
ga public hearing dur-
ing
MI-20 1994 b be eginning at 7.000 l
pp m.1'he meetingg will be held
In theCor Councllof City Hall, ceidej '
667 North Carroll Avenue,
eA
Southiake, Texas. The pur-
pose of the public hearing Is to gitthwic..../....)/h
consider the following ordl-
nan EXASMUNICIPAL
RETIRENOENTSYSTEM jED
•
628
, AN ORDINANCE AUTHOR- DECET,fIB�R, 1994
IBSCRIBED AND SWORN RING AND ALLOWING, THIS THE 9` ' DAY OF
UNDER THE ACT GOV-
N CIPALTRETIREMENT NOTARY PUff3LIC / �
R RCETPO SERVICE RESTRICTED
TOEMPLOYEESWHOARE
MEMBERS OF THE SYS I TARRANT COUNTY, TEXAS
TEM FOR SERVIC,i PRE-
VIOUSLY PERFORMED
FOR ANY IIN UD
STATES OR ANY COUNCIL ".
OF GOVERNMENTS IN ,
TEXAS FOR WHICH SU
OFFICE OF EMPLOYEES HAVE N
RECEIVED CREDITEM
CITY EC;:ETARY AND IEST IN ABLIISHING AN
EEFFEC CE DATE OFTHE
DINBE IT ORDAINED BY THE
CITY COUNCIL OF THE CI-
.�TEAR ALONG THI:AS:OF SOUTHLAKE,TEx- _TURN THE LOWER PORTION WITH YOUR PAYMENT-
City of South lake,Texas
Cit secretaeGrand
REMIT TO : 400 W . SEVENTH , FW, TX 76102
Fort WorthStar-Telegram NUMBERACCOT AMOUNT OU T XX1(XX
3096516CIT57 22. 54
PAGE 11F 1
CITY OF SOUTHLAKE
667 N CARROLL AVE PLEASE PAY hi, 22.54
SOUTHLAKE TX 76092-9595 THIS AMOUNT
ATTN : SANDRA LEGRAND
PLEASE WRITE IN AMOUNT ENCLOSED